Vanguard Research said in a 2026 outlook report that high-quality bonds can provide attractive actual returns. “We maintain our long-term view that, given rising neutral interest rates, high-quality bonds can provide attractive real returns,” the agency said. According to Vanguard, the return on high-quality US bonds is expected to be around 4% in the next ten years, which should be close to the yield level of current portfolios, providing an ample buffer against anticipated future inflation. “Regardless of what actions central banks take in 2026, this is the main reason for the return of bonds.”

Vanguard Research said in a 2026 outlook report that high-quality bonds can provide attractive actual returns. “We maintain our long-term view that, given rising neutral interest rates, high-quality bonds can provide attractive real returns,” the agency said. According to Vanguard, the return on high-quality US bonds is expected to be around 4% in the next ten years, which should be close to the yield level of current portfolios, providing an ample buffer against anticipated future inflation. “Regardless of what actions central banks take in 2026, this is the main reason for the return of bonds.”